News

News

April

2020

Terrafame net sales in Q1/2020 totalled EUR 96,1 million – a new quarterly record in nickel production

24.4.2020 09:00

(The financial data from Terrafame Ltd presented in this factsheet are unaudited FAS figures. Unless otherwise stated, the figures in parentheses refer to the corresponding period of the previous year.) January–March 2020 in brief Nickel produ...

Read more

December

2018

Terrafame implements previously agreed financial arrangements

20.12.2018 11:00

Terrafame Ltd’s parent company, Finnish Minerals Group, has allocated EUR 20 million of equity funding to Terrafame from the investment commitment granted in February 2017. This arrangement does not require any new funding from the State of Finland. Te...

Read more

November

2017

Terrafame Ltd. plans nickel and cobalt chemicals production for battery applications

10.11.2017 10:25

Multi-metal company Terrafame Ltd. is planning to invest in nickel and cobalt chemicals production for use in battery applications. The background for the investment is the fast growing demand for battery applications used in electric vehicles. Today, ...

Read more

New private financing for Terrafame to support future investments

10.11.2017 10:06

Terrafame Group Ltd. (“Terrafame Group”) and Terrafame Ltd. (“Terrafame”) have on November 9, 2017 agreed with Galena Asset Management (“Galena”), Trafigura Group (“Trafigura”) and Sampo plc (“Sampo”) on a funding package to support Terrafame’s future inv...

Read more

February

2017

Terrafame secured private financing

10.2.2017 14:22

Terrafame Group Ltd., Terrafame Ltd., Trafigura Group and its investment arm Galena Asset Management have today on February 10, 2017, agreed on a funding arrangement and long term commercial collaboration. Terrafame Group and Sampo plc act as co-investors...

Read more

Invitation to Terrafame Group press conference on Friday, 10 February 2017

10.2.2017 09:58

Terrafame Group hosts a press conference today, 10 February 2017, at 13:30 EET regarding a financial arrangement concerning Terrafame. Finnish Minister of Economic Affairs Mika Lintilä, representatives of Terrafame Group Ltd. and Terrafame Ltd., as wel...

Read more

November

2016

State owner ensures Terrafame’s ability to complete financing negotiations

11.11.2016 15:38

The Ministerial Committee on Economic Policy has discussed Terrafame’s situation today, 11 November 2016. The Ministerial Committee on Economic Policy has revised its decision made in May 2016 by allowing the negotiations aimed at securing private financi...

Read more

May

2016

Terrafame’s mining operations will continue − the State of Finland is preparing for a managed closure of the mine

25.5.2016 14:31

The Ministerial Committee on Economic Policy has today, on 25 May 2016, discussed Terrafame’s situation and the continuation of its operations. The operational conditions are still met for the ramp-up of the mining operations to continue successfully, and...

Read more